'This is the most overwhelming week of earnings season,' Jim Cramer says

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The 'Mad Money' host reviewed the corporate earnings reports he has circled on his calendar this week.

Projected revenue: $11.58 billionQ2 earnings release: 6:30 a.m.; conference call: 9 a.m."They need to tell a better story than last time, a story about how their safety division's on fire, their auto business has turned, and China's coming back," he said. "Sadly, I don't think you [will] get any of that."Projected revenue: $13.46 billion

"I think the CEO will dig himself a deeper hole on the conference call that will be difficult to climb out of. The best thing they can say is that they don't need a bailout," he said.Projected revenue: $4.99 billion "I think it can rally as long as we don't get another wholesale rotation out of the cloud stocks," he said.Q2 earnings release: 2 a.m.; conference call: 6:45 a.m."When it comes to the race for a vaccine, we know AstraZeneca's in the lead," Cramer said."We haven't really heard much about Lilly's antibody strategy, though I actually expect great things," he said, "And Covid aside, they have a habit of raising their forecast every quarter.

 

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